Tax and Accounting Training Program

TAX AND ACCOUNTING TRAINING PROGRAM

CATALOG

FOR YEAR 2008

Dear friends:

Lee Financial Services, LLC is Chicago land based public accounting firm. It offers traditional accounting and tax services. Also, it provides business consulting, accounting software training and personal financial planning services. The founder of LFS, Fan Li, CPA has intensive experiences in personal tax and small business accounting & tax areas.

Our mission is to assist clients in establishing and achieving financial goals. We accomplish this objective through our ongoing concern for client’s business. We take a close look at the systems, procedures and practices that are an integral part of day-to-day operations with a view to enhance profitability.

Recently, LFS launches year around training program series, which include knowledge based individual tax seminar, individual tax saving tips, planning, business related tax topics, and QuickBooks training lessons.

The brief introduction of training topics is as followings. Please send email to info@leefinancialsvc.com for your reservation.

Sincerely,

Fan Li

Fan Li, CPA

INTRODUCTION OF PROGRAM

PROGRAM CODE IDV 101

PROGRAM NAME INDIVIDUAL TAX SEMINAR

LEVEL BEGINNING

TIME 1.5 HOURS

FEE FREE

MATERIAL TAX ORGANIZER, FORM 1040

MAIN TOPS:

Understand individual tax rate, gross income, adjusted gross income, taxable income
Distinguish standard deduction and itemized deduction
Understand tax credits
How to claim visited parents as dependents
How to claim education expense
How to claim moving expense when you need a relocation
Don’t miss IRA contribution
Tax updates

SCHEDULE:

Date		Location		Time		Program Code
1/19/2008		Hoffman Estates		1:30 - 3:00		IDV 101
1/26/2008		Naperville		1:30 - 3:00		IDV 101
2/9/2008		Chicago South		1:30 - 3:00		IDV 101
2/16/2008		Chicago North		1:30 - 3:00		IDV 101
	9/6/2008		Hoffman Estates		1:30 - 3:00		IDV 101
	9/13/2008		Naperville		1:30 - 3:00		IDV 101
	9/20/2009		Chicago South		1:30 - 3:00		IDV 101
	9/27/2008		Chicago North		1:30 - 3:00		IDV 101

INTRODUCTION OF PROGRAM

PROGRAM CODE IDV 102

PROGRAM NAME INDIVIDUAL TAX SAVING TIPS

LEVEL INTERMEDIATE

TIME 1.5 HOURS

FEE FREE

MATERIAL TAX ORGANIZER

MAIN TOPS:

Tax updates
When married couples should consider separate returns
Year end stock tax sales
Real property like-kind exchange
Sale of principal residence
IRA contribution
Health saving plan
Kiddies tax
Charitable contribution
Penalty for underpayment of tax due

SCHEDULE:

Date		Location		Time		Program Code
2/23/2008		Hoffman Estates		1:30 - 3:00		IDV 102
3/1/2008		Naperville		1:30 - 3:00		IDV 102
3/8/2008		Chicago South		1:30 - 3:00		IDV 102
3/15/2008		Chicago North		1:30 - 3:00		IDV 102
	10/4/2008		Hoffman Estates		1:30 - 3:00		IDV 102
	10/11/2008		Naperville		1:30 - 3:00		IDV 102
	10/18/2008		Chicago South		1:30 - 3:00		IDV 102
	10/25/2008		Chicago North		1:30 - 3:00		IDV 102

INTRODUCTION OF PROGRAM

PROGRAM CODE IDV 103

PROGRAM NAME TAX TIPS FOR HOME BUSINESS

LEVEL INTERMEDIATE

TIME 1.5 HOURS

FEE $ 10

MATERIAL TAX ORGANIZER, EXPENDITURE RECORDER

MAIN TOPS:

Tax deduction basics
Distinguish Hobby loss and Business loss
The home office deduction
Car and local travel expenses
Business travel
Meal and entertainment expenses
Employing your family or yourself
Medical expenses
Record keeping and accounting
Staying out of trouble with the IRS

SCHEDULE:

Date		Location		Time		Program Code
1/19/2008		Hoffman Estates		3:15 - 4:45		IDV 103
1/26/2008		Naperville		3:15 - 4:45		IDV 103
2/9/2008		Chicago South		3:15 - 4:45		IDV 103
2/16/2008		Chicago North		3:15 - 4:45		IDV 103
	9/6/2008		Hoffman Estates		3:15 - 4:45		IDV 103
	9/13/2008		Naperville		3:15 - 4:45		IDV 103
	9/20/2009		Chicago South		3:15 - 4:45		IDV 103
	9/27/2008		Chicago North		3:15 - 4:45		IDV 103

INTRODUCTION OF PROGRAM

PROGRAM CODE IDV 104

PROGRAM NAME INDIVIDUAL TAX PLANNING

LEVEL ADVANCED

TIME 1.5 HOURS

FEE $ 10

MATERIAL TAX PLANNING CALCULATION FORMULA

TAX PLANNING CHECKLIST

MAIN TOPS:

Understand your tax bracket
Based on prior year’s return, adjusted your W –4 form
Project your retirement fund, adjust your 401(K) contribution
Distinguish traditional IRA and Roth IRA with calculation
Planning issue with capital gain rate
Properly use kids’ low tax rate
Understand phase out
Consider doing business – business deduction
Consider investing real property – Gain and loss
Avoid Alternative Minimum tax

SCHEDULE:

Date		Location		Time		Program Code
2/23/2008		Hoffman Estates		3:15 - 4:45		IDV 104
3/1/2008		Naperville		3:15 - 4:45		IDV 104
3/8/2008		Chicago South		3:15 - 4:45		IDV 104
3/15/2008		Chicago North		3:15 - 4:45		IDV 104
	10/4/2008		Hoffman Estates		3:15 - 4:45		IDV 104
	10/11/2008		Naperville		3:15 - 4:45		IDV 104
	10/18/2008		Chicago South		3:15 - 4:45		IDV 104
	10/25/2008		Chicago North		3:15 - 4:45		IDV 104

INTRODUCTION OF PROGRAM

PROGRAM CODE BUS 101

PROGRAM NAME ESTABLISH A BUSINESS

LEVEL BEGINNING

TIME 1.5 HOURS

FEE FREE

MATERIAL CHECKLIST FOR CREATING A BUSINESS

MAIN TOPS:

Common business entities
Comparison of business entities
Advantages and disadvantages
Procedure of forming a business
Business planning

SCHEDULE:

Date		Location		Time		Program Code
4/26/2008		Hoffman Estates		1:30 - 3:00		BUS 201
5/3/2008		Naperville		1:30 - 3:00		BUS 201
5/10/2008		Chicago South		1:30 - 3:00		BUS 201
5/17/2008		Chicago North		1:30 - 3:00		BUS 201
	11/8/2008		Hoffman Estates		1:30 - 3:00		BUS 201
	11/15/2008		Naperville		1:30 - 3:00		BUS 201
	11/29/2008		Chicago South		1:30 - 3:00		BUS 201
	12/6/2008		Chicago North		1:30 - 3:00		BUS 201

INTRODUCTION OF PROGRAM

PROGRAM CODE BUS 202

PROGRAM NAME BUSINESS TAX SEMINAR FOR C, S CORPORTION

AND LIMITED LIABILITIES COMPANY

LEVEL INTERMEDIATE

TIME 1.5 HOURS

FEE $ 10

MATERIAL SAMPLE OF TAX FORMS

MAIN TOPS:

Familiar with all kinds of tax forms
Business start up cost
Section 179 Fixed Assets expensing
Inventory cost
Operating expenses
IRS and State tax due and filing forms
Common mistakes of tax issues

SCHEDULE:

Date		Location		Time		Program Code
4/26/2008		Hoffman Estates		3:15 - 4:45		BUS 202
5/3/2008		Naperville		3:15 - 4:45		BUS 202
5/10/2008		Chicago South		3:15 - 4:45		BUS 202
5/17/2008		Chicago North		3:15 - 4:45		BUS 202
	11/8/2008		Hoffman Estates		3:15 - 4:45		BUS 202
	11/15/2008		Naperville		3:15 - 4:45		BUS 202
	11/29/2008		Chicago South		3:15 - 4:45		BUS 202
	12/6/2008		Chicago North		3:15 - 4:45		BUS 202

INTRODUCTION OF PROGRAM

PROGRAM CODE BUS 203

PROGRAM NAME QUICKBOOKS TRAINING (1)

LEVEL ADVANCED

TIME 2 HOURS

FEE $ 30

MATERIAL QB SIMPLE START SOFTWARE

MAIN TOPS:

Understand basic accounting terms, such as Assets, Liabilities, Equity, etc.
Understand basic financial reports, such as income statement, balance sheet, statement of cash flow
Familiar with QuickBooks
Set up your QuickBooks

Company information
Chart of Accounts
Item lists
Vendor list
Customer list
Opening balance

NOTE: Participant needs to bring company’s information, bank statements, credit

Card statements, bills, check books and lap top

SCHEDULE:

Date	Location	Time	Program Code
5/24/2008	Hoffman Estates	1:30 - 3:30	BUS 203
6/7/2008	Naperville	1:30 - 3:30	BUS 203
6/14/2008	Chicago South	1:30 - 3:30	BUS 203
6/21/2008	Chicago North	1:30 - 3:30	BUS 203

INTRODUCTION OF PROGRAM

PROGRAM CODE BUS 204

PROGRAM NAME QUICKBOOKS TRAINING (II)

LEVEL ADVANCED

TIME 2 HOURS

FEE $ 30

MATERIAL QB SIMPLE START SOFTWARE

MAIN TOPS:

Record income
Create invoice
Record expenses from check books
Record expenses from credit card
Reconcile bank statement
Reconcile credit card statement
Generate financial statements
Year end closing
Other QB functions

Transfer fund
Create refund
Print checks
Make deposit
Adjusting entries

NOTE: Participant needs to bring company’s information, bank statements, credit

Card statements, bills, check books and lap top

SCHEDULE:

Date	Location	Time	Program Code
5/24/2008	Hoffman Estates	3:30 – 5:30	BUS 204
6/7/2008	Naperville	3:30 – 5:30	BUS 204
6/14/2008	Chicago South	3:30 – 5:30	BUS 204
6/21/2008	Chicago North	3:30 – 5:30	BUS 204